Peru declares emergency over mine protest: reports

RobertDaniel

TEL AVIV (MarketWatch) -- Protests against an Xstrata PLC
xsrayuk:xta
copper mine prompted the Peruvian government to declare a state of emergency on Monday night. Media reports say that two people were killed and 50 were injured in protests against the mine, located in the southern area of Cusco. Reuters quoted President Ollanta Humala as saying in a TV address that the protests were not peaceful. "We are dealing with extremists," he said. The protesters say the mine is polluting the area and they want Xstrata to contribute more money. Reuters reported that poor residents of the area say they haven't received the benefits of the country's economic boom, including its mining operations. Protests against a Newmont Mining
NEM, -0.76%
copper-and-gold project in northern Peru have delayed the company's timetable there.

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